%0 Journal Article
%A Dhillon, Jusvin
%A Ilmanen, Antti
%A Liew, John
%A Mack, Barbara J.
%T Practical Applications of Balancing on the Life Cycle: Target-Date Funds Need Better Diversification
%D 2017
%R 10.3905/pa.2017.5.1.223
%J Practical Applications
%P 1-4
%V 5
%N 1
%X Balancing on the Life Cycle: Target-Date Funds Need Better Diversification Jusvin Dhillon Antti Ilmanen John Liew In Balancing on the Life Cycle: Target-Date Funds Need Better Diversification , published in the Summer 2016 issue of The Journal of Portfolio Management , Jusvin Dhillon, Antti Ilmanen and John Liew of AQR Capital Management examine life-cycle funds, which have become an enormous industry in recent years.Such funds offer retail investors a useful option in the quest to save for retirement. However, life-cycle funds do have some drawbacks, and are under-diversified in several key areas. Dhillon and his co-authors evaluate five dimensions of under-diversification and show how to address each issue, resulting in better performance for people who are saving for retirement.
%U https://pa.pm-research.com/content/iijpracapp/5/1/1.3.full.pdf